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चैंपियन फिनसेक

बीएसई: 504367  |  NSE: N.A  |  ISIN: INE815H01018  |  Finance - Investments

खोजें चैंपियन फिनसेक कनेक्शन Mar 13
निदेशकों की रिपोर्ट वर्षांत : Mar '14
Dear Members,
 
 The Directors have pleasure in presenting the 33 Annual Report on the
 business and operations of the company together with the Audited
 Accounts for the year ended 31st March, 2014. The Summarized financial
 results for the year ended 31st March, 2014 are as under:
 
 FINANCIAL RESULTS
 
 Key aspects of Company'' financial performance for the year 2013-14 is
 tabulated below:
 
                                                     [Amount in Rupees]
 
 Particular                                         2013-14     2012-13
 
 Total Income                                       1962000     5626000
 
 Total Expenditure                                  1783512      261361
 
 Profit/(Loss) Before Extraordinary 
 items and Taxation                                  178488     5364639
 
 Extraordinary items                                    Nil         Nil
 
 Profit/(Loss) before Tax (PBT)                      178488     5364639
 
 Less: current Tax                                    60000     1105000
 
 Net Profit/(Loss) after Tax for the year            118488     4259639
 
 REVIEW OF OPERATION
 
 During the year under review, the Company has earned of Rs. 1,962,000/-
 from 5,626,000 /-.  The net profit for the year under review has been
 Rs. 118488/- as against Rs. 4259639/- net profit during the previous
 financial year. Your directors are continuously looking for avenues for
 future growth of the Company.
 
 OPERATIONS AND BUSINESS PERFORMANCE
 
 Kindly refer to Management Discussion & Analysis covered under
 Corporate Governance and forms part of this Annual Report.
 
 LISTING OF SHARES
 
 The Company''s share continues to remain listed with Bombay Stock
 Exchange, Mumbai. The Listing fees for the Financial Year 2014-15 have
 been paid to the Exchange.
 
 DIVIDEND
 
 Your Directors have not declared any dividend during the year under
 review due to loss incurred.
 
 FIXED DEPOSIT
 
 The Company has not accepted any deposit from the public pursuant to
 the provisions of Section 58A of the Companies Act, 1956.
 
 MANAGEMENT DISCUSSION AND ANALYSIS:
 
 Management Discussion and Analysis forms part of the Annual Report to
 the shareholders and it includes discussion on matters as required
 under the provisions of Clause 49 of the listing agreement forming part
 of this report is annexed herewith. The Audit Committee of the Company
 has regularly reviewed internal Control System of the company.
 
 CORPORATE GOVENANCE
 
 It has always been the company''s Endeavour to excel through better
 Corporate Governance and fair and transparent practices, many of which
 have already been in place even before they were mandated by the law of
 the land. The company complies with the revised clause 49 of the
 listing Agreement.
 
 The Board of Directors of the company had also evolved and adopted a
 code of conduct based on the principles of Good Corporate Governance
 and best management practices being followed globally.
 
 The Compliance Report on Corporate Governance forms part of the Annual
 Report. The Auditors certificate on the compliance of Corporate
 Governance Code embodied in clause 49 of the Listing Agreement.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under section 217(2AA) of the Companies
 Act, 1956 with respect to Directors'' Responsibility Statement, the
 Directors confirm:
 
 I) That in the preparation of the annual accounts, the applicable
 accounting standards have been followed and no material departures have
 been made from the same;
 
 II) That they had selected such accounting policies, applied them
 consistently, made judgment and estimates that are reasonable and
 prudent so as to give true and fair view of the state of affairs of the
 Company at the end of the financial year and of the profit of the
 company for the period;
 
 III) The Directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for safeguarding the assets of the company and
 for preventing and detecting fraud and other irregularity;
 
 IV) The Directors had prepared the Annual Accounts ongoing concern
 basis.
 
 AUDITORS
 
 M/s B. V. Ganatra & Co., Chartered Accountants, be and are hereby
 re-appointed as the Auditors of the Company to hold office from Annual
 General Meeting up to the conclusion of the next Annual General Meeting
 of the Company.
 
 AUDITORS'' REPORT
 
 The observations of the auditors in their report are self-explanatory
 and therefore, in the opinion of the directors, do not call for further
 comments.
 
 PARTICULARS OF EMPLOYEES
 
 The statement showing particulars of employees under section 217(2A) of
 the Companies Act, 1956, read with the companies (Particulars of
 Employees) Rules, 1975, as amended, is not required to be given as
 there were no employees coming within the purview of this section.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS AND OUTGO
 
 The particulars as required under the provisions of section 217(1)(e)
 of the Companies Act, 1956 in respect of conservation of energy and
 technology absorption have not been furnished considering the nature of
 activities undertaken by the company during the year under review.
 Further during the year review, the company has neither earned nor used
 any foreign exchange.
 
 ACKNOWLEDGEMENTS
 
 Your Directors place on record their gratitude for the continuing
 support of Shareholders, bankers and Business associates at all levels.
 For the continuing support of investor, Business Associates and
 Employees in ensuring an excellent all around performance. Your
 directors also wish to place on records their sincere thanks and
 appreciation.
 
                                          For and on Behalf of the Board
                                            For, CHAMPION FINSEC LIMITED
 PLACE: RAJKOT
 DATE: 03.09.2014
                                               (SACHIN CHAMPKLAL VALANI)
                                                               CHAIRMAN
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1116.79 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `450.36 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `58.91 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1197.47 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1280 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `22.75 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शंस में `1.60 Cr की बिकवाली
  • CS ON AUROBINDO PHARMA : रेटिंग Neutral से घटाकर Underperform
  • CS ON AUROBINDO PHARMA : लक्ष्य `450/Sh से घटाकर `345/Sh
  • HSBC ON BAJAJ FIN : BUY रेटिंग, लक्ष्य `4,860 से घटाकर `3,750/Sh

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